CL Redux

Quote from enochbenjamin:

was short 1 CL and a few QM's from 8188 and was planning to hold, but set my TP at 8130 because i din't expect it to get there before I finished a sandwich. So I'm out - I can't short here, I need a nice pop first. If it doesn't come I'll just scalp tomorrow.
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My mistake on the 8150, should have been 8250. Reason being that it would invalidate todays downside action. I got out at 8007. Now going to reshort at 8050 and 8140 overnight.
 
Just dumped the other half position between 80.15 and 80.17. Now that my objective of 80 has been met, I will look to go long.

As noted before, i believe we should get a quick pop from here, although by how much I dunno. I'm thinking perhaps up to 81.50 - 82. We shall see.
 
Because this AIN'T the bottom in my view. Sure, I keep saying that we'll get a pop. But then, I also previously stated that I see 75 in the cards. So this is just a counter-trend move (within the correction that we're undergoing at the moment) and I don't want to commit myself up to my neck. Also I'm still much of a noob in this field. :)
 
Crude is pretty much getting spanked...i may get out at $78 this week after all.


I think if it hits $78 i will take half off, and the other half at $75 (with a stop at 80.10)

sounds like a plan. this might be my first oil trade that actually works out. they all should have, but you have to have the patience of job and be willing to look death square in the face. effin ridiculous.
 
Quote from saliva:

Small long 80.06

SL 79.79
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bride, you obviously haven't seen the market reverse right at your stop. Perhaps you and I could console one another in times like these. I jest, of course. :)
 
So we're heading back up as anticipated, only without me. Couldn't feel any more sour than this. Hopefully some of you are in a better mood.

Anyway, I'll see you folks after the inventory release tomorrow. Who thinks the market will shoot up after the news only to tank towards the close? Also Fed's Beige book comes out at 14:00, which might be the exact catalyst we need for that selloff.
 
Will we go up to 80.80 or 81.50 before we head back down? I kinda stopped paying attention to the dollar relationship but if it still means anything it won't be helping our cause today. Unless the dollar strengthens after the beige book and that could be our catalyst.

Have great day!

RA
 

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Quote from riskaddict:

Will we go up to 80.80 or 81.50 before we head back down? I kinda stopped paying attention to the dollar relationship but if it still means anything it won't be helping our cause today. Unless the dollar strengthens after the beige book and that could be our catalyst.

Have great day!

RA
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Tomorrow is ECB conference
 
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